Uber Technologies (NYSE:UBER) Shares Up 2.4% After Analyst Upgrade

Uber Technologies, Inc. (NYSE:UBER) traded up 2.4% during mid-day trading on Thursday after Citigroup raised their price target on the stock from $91.00 to $93.00. Citigroup currently has a buy rating on the stock. Uber Technologies traded as high as $68.34 and last traded at $67.99. 8,259,687 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 20,407,805 shares. The stock had previously closed at $66.40.

UBER has been the topic of several other reports. TheStreet raised shares of Uber Technologies from a “c” rating to a “b-” rating in a research report on Wednesday, February 7th. Wedbush reissued an “outperform” rating and set a $85.00 price objective on shares of Uber Technologies in a report on Wednesday. UBS Group boosted their target price on Uber Technologies from $94.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Wells Fargo & Company lowered their price target on Uber Technologies from $95.00 to $89.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Bank of America reduced their price objective on shares of Uber Technologies from $91.00 to $87.00 and set a “buy” rating for the company in a research note on Thursday. Two analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.44.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the sale, the insider now owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the sale, the insider now owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the transaction, the insider now owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brighton Jones LLC grew its holdings in Uber Technologies by 218.0% during the 1st quarter. Brighton Jones LLC now owns 56,746 shares of the ride-sharing company’s stock worth $4,369,000 after acquiring an additional 38,904 shares during the last quarter. ProVise Management Group LLC grew its stake in shares of Uber Technologies by 14.3% during the first quarter. ProVise Management Group LLC now owns 4,005 shares of the ride-sharing company’s stock valued at $308,000 after purchasing an additional 500 shares during the last quarter. Orion Portfolio Solutions LLC increased its holdings in shares of Uber Technologies by 19.0% in the first quarter. Orion Portfolio Solutions LLC now owns 25,216 shares of the ride-sharing company’s stock valued at $1,941,000 after purchasing an additional 4,024 shares in the last quarter. Blair William & Co. IL raised its position in Uber Technologies by 11.7% in the 1st quarter. Blair William & Co. IL now owns 3,210,584 shares of the ride-sharing company’s stock worth $247,183,000 after purchasing an additional 337,219 shares during the last quarter. Finally, Kingsview Wealth Management LLC lifted its holdings in Uber Technologies by 5.6% during the 1st quarter. Kingsview Wealth Management LLC now owns 12,784 shares of the ride-sharing company’s stock worth $984,000 after buying an additional 680 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Price Performance

The stock has a 50-day simple moving average of $74.57 and a 200 day simple moving average of $65.85. The stock has a market capitalization of $141.39 billion, a P/E ratio of 78.99, a price-to-earnings-growth ratio of 1.09 and a beta of 1.39. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.53). The firm had revenue of $10.13 billion for the quarter, compared to analyst estimates of $10.09 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The company’s revenue was up 14.8% compared to the same quarter last year. During the same period last year, the company earned ($0.08) EPS. On average, equities analysts forecast that Uber Technologies, Inc. will post 1.23 earnings per share for the current fiscal year.

Uber Technologies Company Profile

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.